BGC Partners. has filed a patent for systems and methods that provide trading using an eVWAP price in an illiquid market. The method involves determining the eVWAP price from unmatched bids, offers, and trades, with the final price published for contract settlement. GlobalData’s report on BGC Partners gives a 360-degree view of the company including its patenting strategy. Buy the report here.

According to GlobalData’s company profile on BGC Partners, Retail trading platforms was a key innovation area identified from patents. BGC Partners's grant share as of January 2024 was 49%. Grant share is based on the ratio of number of grants to total number of patents.

Trading using enhanced volume-weighted average price in illiquid markets

Source: United States Patent and Trademark Office (USPTO). Credit: BGC Partners Inc

The patent application (Publication Number: US20240037661A1) discloses a method for facilitating trading of an item by utilizing an enhanced volume-weighted average price. The method involves the use of programmed computers to determine the starting value for the enhanced volume-weighted average price for a specific sampling period. Subsequently, the computers continuously update the enhanced volume-weighted average price based on new information such as unmatched bids, unmatched offers, and new trades. At the end of the sampling period, the computers calculate the final enhanced volume-weighted average price, which is then published for use as a price to settle a contract.

This innovative method aims to provide traders with a more accurate and reliable pricing mechanism by incorporating real-time market data into the calculation of the enhanced volume-weighted average price. By leveraging technology to automate the process of determining and updating the price, the method offers a streamlined and efficient way to settle contracts based on the final enhanced volume-weighted average price. Overall, this patent application introduces a novel approach to trading items by enhancing the volume-weighted average price calculation process, potentially improving transparency and efficiency in the trading market.

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GlobalData Patent Analytics tracks bibliographic data, legal events data, point in time patent ownerships, and backward and forward citations from global patenting offices. Textual analysis and official patent classifications are used to group patents into key thematic areas and link them to specific companies across the world’s largest industries.